USD/JPY – 30M – BUY

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline upwards

An ascent upwards to the next resistance level at 154.875 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 153.005 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ” indicator layout is existing. The indicator shows ”. this is usually a bullish chart scenario. The currency pair is likely to rise.

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Moreover a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

154.875 – 159.223 – 158.855 – 154.084 – 153.301 – 158.235 —
152.80100 – 152.24600 —
28.739889899011 – 21.547391729768 —
– —
154.87500 – 1769509800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –